ArabFinance: Medical Packaging Company (MEPA) decided to split the par value of its share from EGP 1 to EGP 0.20, according to a September 8^th disclosure filed to the Egyptian Exchange.

The company will maintain the issued and paid-up capital unchanged at EGP 69 million, however, it will be distributed over 345 million shares instead of 69 million shares, the statement added.

The company said the shareholders recorded on September 14^th are entitled to trade their shares as of September 15^th.

Medical Packaging reported net profit stood at EGP 3,014,105 in the first half (H1) of 2020, an 11% increase from EGP 2,711,701 achieved in H1 2019.

Medical Packaging is an Egypt-based public shareholding company engaged in the manufacturing of medical and pharmaceutical packaging products. It focuses on the operations and establishment of a factory for the production of glass containers for the purpose of medical, pharmacy, laboratories, cosmetics, and perfumes.